Tigran Gambaryan | FinTelegram News

Tag: Tigran Gambaryan

May 10, 2024

Binance Nigeria Case: Government Dismisses the Blackmail Allegations; Nadeem Ajawalla to be Extradited!

In a recent development in Nigeria, the national authorities have dismissed claims by Binance's CEO, Richard Teng, regarding alleged demands for a substantial bribe, labeling the accusation as a strategic diversion and an attempt at blackmail. These allegations surfaced amidst severe criminal charges against Binance. Teng had alleged in a blog post that unnamed Nigerian officials sought a $150 million bribe in cryptocurrency to halt an ongoing investigation into the company's activities.

May 8, 2024

Binance CEO Richard Teng Advocates for Release of Detained Compliance Officer Tigran Gambaryan

In a detailed blog post dated May 7, 2024, Binance CEO Richard Teng passionately defended Tigran Gambaryan, a VP and compliance officer for the crypto giant currently detained in Nigeria. Teng's post, entitled "Tigran Gambaryan is Innocent and Must Be Released," argues for the immediate release of Gambaryan, who has been held for over 70 days under challenging conditions.

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May 8, 2024

Allegations of Bribery in Binance’s Nigeria Case: True, or Just a Remarkable Defense Strategy?

In another troubling chapter for crypto giant Binance, its compliance officer, Tigran Gambaryan, was charged with money laundering in Nigeria. A former U.S. law enforcement agent, Gambaryan claims that someone linked to the Nigerian government demanded a $150 million bribe. This request came during a contentious period marked by accusations from Nigerian legislators of tax violations by Binance and threats of arrest against its employees.

May 3, 2024

Binance Nigeria Case: Money Laundering Trial Postponed!

The money laundering trial involving Binance Nigeria has been postponed to May 17, according to a family spokesperson for detained executive Tigran Gambaryan. This delay stems from a need for additional time granted to Binance's legal team to review new evidence presented by Nigeria's Economic and Financial Crimes Commission (EFCC). The postponement was announced after it was found that Binance’s lawyers had not previously seen a crucial 300-page document submitted by the EFCC.

April 25, 2024

Binance Executive Nadeem Anjarwalla Evades Arrest Amidst Ongoing Extradition Controversy!

In a case that highlights the challenging intersection of international law enforcement and the crypto industry, Kenyan authorities have recently denied the arrest of Nadeem Anjarwalla, a Binance executive embroiled in a significant tax evasion case in Nigeria. Anjarwalla escaped from Nigerian custody to Kenya in late March and now faces a complicated extradition request that casts a shadow over Binance's operations.

April 24, 2024

Binance Executive Detained in Nigeria Awaits Bail Decision Amid Money Laundering Charges

Tigran Gambaryan, a Binance executive, remains in custody at Nigeria's Kuje prison with a bail hearing scheduled for May 17. Gambaryan, detained since February 26, faces charges of money laundering and tax evasion, which his family has denounced as unfounded. The American citizen and former Internal Revenue Service (IRS) special agent is Binance’s head of financial crime compliance. Now he is experiencing extended prison time.

April 19, 2024

Binance’s Troubles in Nigeria: A Case Study in Regulatory Challenges

In a recent episode underscoring the global regulatory challenges faced by crypto exchange Binance, Tigran Gambaryan, a US compliance official for Binance, found himself detained in Nigeria. According to a detailed account by the New York Times, Gambaryan's ordeal began with what was meant to be a brief business trip in February, which unexpectedly extended due to serious legal accusations, including tax evasion and money laundering leveled against him and Binance.

April 14, 2024

Binance Nigeria Case: The Fugitive Executive Located in Kenya to be Extradited to Nigeria.

Nigeria's government and law enforcement continue to aggressively go against Binance and its executives. The Nigerian government has located Nadeem Anjarwalla, a key Binance executive who had previously fled from Nigerian custody, in Kenya. The Nigerian Economic and Financial Crimes Commission (EFCC), alongside international law enforcement agencies including INTERPOL and the Kenyan Police Service, is now working to expedite Anjarwalla's extradition back to Nigeria.

April 8, 2024

The Nigerian Frontline: Taking a Firm Stand Against Offshore Crypto Schemes And Their Executives!

In an interesting move that signals a seismic shift in the global regulation of crypto entities, the Nigerian government has boldly stepped into the arena against Binance, one of the world's largest and most elusive crypto platforms. This action underscores a growing consensus among law enforcement and regulatory bodies worldwide: to combat the challenges posed by offshore crypto schemes effectively, the prosecution of key executives is not just strategic but necessary.

March 30, 2024

U.S. Congressional Delegation Petitioned Over Detained Binance Executive in Nigeria

In a significant development in the Binance Nigeria case, the spouse of Tigran Gambaryan, a top executive at Binance, has called upon a U.S. Congressional delegation visiting Nigeria to facilitate the release of her husband from Nigerian custody. This appeal comes amidst a broader crackdown by the Nigerian government on cryptocurrency-related activities within its jurisdiction.

March 26, 2024

The Continuing Legal and Regulatory Challenges Facing Binance: The Nigerian Incident Escalates!

The world's largest crypto exchange, Binance, finds itself embroiled in yet another legal and regulatory controversy, this time in Nigeria. The recent escape of Nadeem Anjarwalla, a British-Kenyan executive at Binance, from Nigerian custody has added another layer of complexity to the ongoing investigations. Arrested in February alongside his American colleague Tigran Gambaryan, Anjarwalla's detention was part of Nigeria's broader scrutiny into alleged malpractices by Binance within its jurisdiction.

March 21, 2024

#BinanceWatchdogInitiative: Continued Detention for Binance Executives in Nigeria Raises Concerns

There is no doubt that Binance has problems with law enforcement, regulators, and governments worldwide. The crypto giant has particular problems in Nigeria. In a developing story that has captured the attention of the global crypto community, two high-ranking executives from Binance, the leading cryptocurrency exchange, remain in custody in Nigeria. This situation follows their initial court appearance, which did not lead to immediate charges or release, as reported by their families.

Circle Joins U.S.-Led Initiative to Combat Illicit Finance in Virtual Assets!

Erik Rosenblatt, a senior leader at US stablecoin issuer Circle, will represent the company on the Illicit Virtual Asset Network (IVAN) board. Prior to joining Circle, Rosenblatt spent over two decades as a special agent with the U.S. Department of Homeland Security and the U.S. Department of the Treasury. As part of IVAN, Circle will have a voting role in determining the network's priorities and membership.

Evil Corp: A Comprehensive Report on Russia’s Family-Driven Cybercriminal Organization!

The U.S. Department of Justice and Department of Treasury have taken significant action against Evil Corp, a Russia-based cybercriminal group responsible for developing and distributing malware that has stolen over $100 million from banks and financial institutions across 40 countries. Evil Corp appears to operate as a family enterprise, with multiple family members involved.

Good News For Crypto: SEC Enforcement Director Gurbir S. Grewal Steps Down After Impactful Tenure!

The U.S. Securities and Exchange Commission (SEC) is set to experience a significant leadership change as Enforcement Director Gurbir S. Grewal announces his departure. Grewal oversaw a period of heightened regulatory activity specifically targeting the crypto sector. Under his leadership, the SEC Filed high-profile lawsuits against major cryptocurrency exchanges, including Binance and Coinbase.

U.S. DOJ Indicted Russian Hacker and Evil Corp Member Aleksandr Viktorovich Ryzhenkov!

The U.S. DOJ unsealed an indictment charging Russian national Aleksandr Viktorovich Ryzhenkov with using the BitPaymer ransomware variant to attack numerous victims in Texas and throughout the U.S. and hold their sensitive data for ransom. According to the indictment, beginning in at least June 2017, Ryzhenkov allegedly gained unauthorized access to the information stored on victims’ computer networks.

Starling Bank Slammed with £29M Fine for ‘Shockingly Lax’ AML Controls, Exposing UK Financial System to Criminals!

The UK neobank Starling Bank has been fined £29 million by the UK FCA for opening accounts for high-risk customers and failing to screen against full sanctions lists. Its rapid expansion outpaced its compliance measures, leaving significant gaps in its AML framework. Starling grew from approximately 43,000 customers in 2017 to 3.6 million in 2023. However, measures to tackle financial crime did not keep pace with its growth.